Required information [The following information applies to the questions displayed below.] Pastina Company sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2018, appears below. Account Title Debits Credits Cash 40,700 Accounts receivable 55,000 Supplies 1,700 Inventory 74,000 Note receivable 26,700 Interest receivable 0 Prepaid rent 2,400 Prepaid insurance 0 Office equipment 88,000 Accumulated depreciationoffice equipment 33,000 Accounts payable 34,000 Salaries and wages payable 0 Note payable 62,700 Interest payable 0 Deferred revenue 0 Common stock 60,000 Retained earnings 21,500 Sales revenue 218,000 Interest revenue 0 Cost of goods sold 98,100 Salaries and wages expense 19,200 Rent expense 13,200 Depreciation expense 0 Interest expense 0 Supplies expense 1,200 Insurance expense 5,600 Advertising expense 3,400 Totals 429,200 429,200 Information necessary to prepare the year-end adjusting entries appears below. Depreciation on the office equipment for the year is $11,000. Employee salaries and wages are paid twice a month, on the 22nd for salaries and wages earned from the 1st through the 15th, and on the 7th of the following month for salaries and wages earned from the 16th through the end of the month. Salaries and wages earned from December 16 through December 31, 2018, were $1,450. On October 1, 2018, Pastina borrowed $62,700 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years. On March 1, 2018, the company lent a supplier $26,700 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2019. On April 1, 2018, the company paid an insurance company $5,600 for a two-year fire insurance policy. The entire $5,600 was debited to insurance expense. $890 of supplies remained on hand at December 31, 2018. A customer paid Pastina $1,740 in December for 1,450 pounds of spaghetti to be delivered in January 2019. Pastina credited sales revenue. On December 1, 2018, $2,400 rent was paid to the owner of the building. The payment represented rent for December 2018 and January 2019, at $1,200 per month.

d. Prepare the income statement, statement of shareholders' equity and classified balance sheet for the year ended December 31, 2018.

e. Prepare closing entries

f. Prepare a post-closing trial balance.